Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: June 9, 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard two Interlocutory Applications (IAs) - IA/1039(AHM)2023 and IA/170(AHM)2024 - within the main insolvency petition CP(IB) 195 of 2018. The proceedings are under Section 9 of the Insolvency and Bankruptcy Code (IBC) between Agarwal Coal Corporation Pvt Ltd (Applicant) and Shriram Cement Ltd (Respondent). The matter involves additional respondents including the Deputy Collector, Banaskantha and Gujarat Mineral Development Corporation Limited.
During the previous hearing, Senior Counsel for the Department had stated they were in the process of appointing a new advocate on record and sought an adjournment. In the current hearing, neither any concerned officer appeared through virtual or physical mode, nor any Advocate on record represented the respondents.
Final Outcome
The Tribunal granted a final opportunity for the respondents to make submissions, noting that if there is no appearance on the next hearing date, the matter will be heard and decided based on the pleadings available on record. Both IAs have been adjourned and re-listed for further consideration on June 24, 2026.
Topics: Insolvency Proceedings, NCLT Adjournment, Corporate Litigation